Finance and Management - rubric Innovations, innovative activities
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MAIN PAGE > Journal "Finance and Management" > Rubric "Innovations, innovative activities"
Innovations, innovative activities
Ilina S.A. - Business Mechanism for Commercialization of Innovations at Small and Medium Enterprises and Evaluation Algorithm pp. 1-11


Abstract: The object of the research is the business mechanism. The subject of the research is the commercialization of innovations at medium and small enterprises. The present research has a purpose to define gaps in the current business mechanism of commercialization of innovations at small and medium enterprises, to offer improving measures, and to develop the algorithm for assessing efficiency of the improved mechanism of innovation commercialization at small and medium enterprises. The author also analyzes the nature, contents and structure of the business mechanism of innovation commercialization at small and medium enterprises, and describes legal grounds private mechanisms are based on. Within the framework of the research Ilyina has used the methods of analysis, synthesis, systematization, argumentation and other methods of formal logic. The novelty of the research is caused by the fact that the author offers her own definition of the business mechanism of innovation commercialization. She defines five basic private mechanisms in the structure of the business mechanism of innovation commercialization at small and medium enterprises. The author also defines the main problems of the current business mechanism of innovation enterprises at small and medium enterprises and offers measures to improve it. The author develops the algorithm for assessing the efficiency of the improved mechanism of innovation commercialization at small and medium enterprises. 
Mitrovic S. - Peculiarities of practical application of business intellect technology as the means for informatization of economic analysis pp. 17-26


Abstract: The subject of this research is the practical aspects of application of the modern information technologies for informatization of the economic analysis of organizations. One of the modern information technologies in the area of economic analysis is business intellect and the created on its basis solution systems. Leaning on the extensive analysis of theoretical sources and practice of application of the business intellect systems in development of economic analysis of organizations in the Russian Federation and abroad, the author designs software solution in the area of analytical procurement and factor analysis of the results of economic activity of the organizations. The conducted research allows making a conclusion that the implementation of business intellect systems contributes to the more effective achievement of the main goal of analytical processing of economic information – determination of the cause-and-effect relationship between the various factors and rational arrangement of information flows for structuring the business model of a company in accordance with the analysis objectives. The scientific novelty lies in the extensive examination of a set of methodological and practical questions of application of business intellect systems in economic analysis of the organizations based on the empirical study, as well as approbation of the author’s solution and suggestion of the following new vectors: assessment of the efficiency of application of information technologies in the sphere of economic analysis based on business intellect; development of general methodology of economic analysis; identification of the potential of business intellect solutions for increasing the quickness and effectiveness of managerial solutions.
Makarova M.V. - Leading Scientific Associate, Center for Research of State Administration Issues of the Institute of Economics of the Russian Academy of Sciences pp. 105-117


Abstract: The subject of this research the current and upcoming trends of state policy aimed at support of small and medium businesses. The author reviews the new institutional formations. Small and medium business is the backbone for country’s strong economy. The goal is to answer the question of how effective is the state support of small and medium business in this regard. The object of this research is the state policy of the Russian Federation for supporting small and medium businesses (SMB). Namely the small and medium businesses as the basics of formation of the larger innovation structures. The author concludes that state financial backing of the subjects of SMB is based on subsidized loans aimed at increasing operation and investment capitals, as well as providing guarantees and suretyship by specially formed federal and regional institutions. The results obtained from the analysis of organizational block demonstrate the following: state support of the subjects of SMB is aimed at the sectors with prevailing policy of import substitution; electronic sources, offered by various government resources, require additional revision and testing, with consideration the opinion of potential entrepreneurs; expansion of educational capacity in the area of financial literacy, basis of entrepreneurship, along with teaching online services in educational establishments.
Parfenova M.V. - Development of Measures Aimed at Increasing Efficiency of a Corporate Innovation Policy (the Case Study of OOO 'AgroPromServis' pp. 176-180


Abstract: As a result of an established innovation policy that acts as a catalyzer of the financial economic activities, OOO 'AgroPromServis' is a financiall sound company and has a sustainable profit according to the results of the period under research (2013 - 2015). Nevertheless, indicators showing profit before taxation and net profit of the company are rather insignificant and profitability ratios are not high. Moreover, OOO 'AgroPromServis' does not conduct an efficient innovation policy because their annual investment of assets into main funds and equipment assembly have not increased the economic added value d of the company over the period since 2013 till 2015. Quite on the contrary, the economic added value has shown a tendency towards decreasing which also demonstrates the decline in the company's value. Generally, the main strategic purpose of the development of the aforesaid company is to increase its economic and technological efficiency. To achieve the purpose, it is planned: to develop prospective areas; to implement new production technologies; to launch production of new kinds of products, etc. The analysis of the innovation policy has allowed to discover the main problems and gaps which, first of all, are the following: 1) innovation policy of OOO 'AgroPromServis' involves plain reproduction which does not increase efficiency of their financial and economic activity in general; 2) due to low volumes of net profits, the company has a shortage of internal sources to fund investment activities; 3) projects executed by the company are not efficient enough because the company has a limited fund for financing all desirable investment projects and therefore they have to choose between investment projects trying to achieve the best balance between risks and profitability of projects as well as taking into account their capital-ouput ratio, i.e. necessary expenses. 
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